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20131202
20131210
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CNBC 3
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CNBC
Dec 3, 2013 2:00pm EST
recovery, obama versus bush. we're creating jobs faster than we were after the 2001 recession. i don't think we're seeing robot-caused inflated unemployment right now. what there is room to worry about, though, is the idea that are the machines getting smarter, faster than we're getting smarter? >> i think they are. i understand your point and in ideal economy, the displaced worker will now work for the robot or ipad company selling or -- >> that's not always going to happen for many reasons. let's say this new ipad technology puts 50,000 waiters and wait ress out of work. where do they go in this economy? >> theet reticily they could get jobs at other personal service industry. they could become therapists, butlers. all of these people with middle class jobs who will be losing their jobs. they're going to try to take those job. if you have low skills, you'll be in bad shape. what sdaisderek said, 40 % farm. another worker in 1900 who never got new jobs. horses. replaced by cars. our skills are like the farmers of 1900s or more like horses replaced by cars and they didn't get new job
CNBC
Dec 9, 2013 6:00am EST
they make. and i think that's a good thing. >> you credit the obama administration for the auto sales for saving the auto sector? >> no. because frankly bush was the one who started to say the auto companies and was criticized for having done so. obama came in and continued it. >> i think it was two administrations working together. >> well, maybe. i'll give you that. but on the other hand, the automobile industry is vastly cyclical. none of you remember, but go back to the tesla story in the stock. you can't make it in the automotive industry. >> so nice of you to remember i don't remember that. >> i hope you don't but i do. not because it's not a good car, people say it is. but it takes so much money to plan in the automotive industry to live through the crashes. when you stop losing top line, it drops right to the bottom and costs a lot of money to play in the game. >> they've really restructured the auto companies. they're in much better shape than they were beforehand. >> so isn't the rest of the world in autos. they're all better, but it'll still be cyclical, becky. >> yeah. >>
CNBC
Dec 9, 2013 4:00am EST
the shut downbut then on the back of that came the debacle over obama care, which is really bad for democrats. the president is polling at a low in his presidency that looks similar to where george w. bush was at this time in his presidency. things are complicated. you know, they say a week is a long time in politics. we've got a year before mid-term elections. as morris has said, both parties are looking for a way to bolster their ratings and to show that they are willing to get things done. i still think this is a pretty unproductive looking congress. >> thanks for that. morris reid joining us. >>> u.s. futures meanwhile are indicated -- >> thanks are morris. >> -- are indicating a flattish start right now. we turned down slightly. the dow is just below fair value. the nasdaq is above fare value. we snapped eight weeks of gains but a strong finish on friday. joining us, ben, traders.com. are we comfortable with the fact that the fed may taper next week or announce a tapering? >> i think this's a lot of opinions out there in terms of when the fed will start that activity. my pe
Search Results 0 to 2 of about 3